Payment Analysis

411.00CAD/monthin Montreal, QC
    Before Taxes:
  • 411.00 CAD/month
  • 189.69 CAD/bi-weekly
  • 94.85 CAD/week
  • 4,932.00 CAD/year
Incl. Québec Taxes (14.98%):
  • 472.57 CAD/month
  • 218.11 CAD/bi-weekly
  • 109.05 CAD/week
  • 5,670.81 CAD/year

Lease Takeover/Buyout Analysis

The Lease Takeover Analysis (LTA) "Leasing Purposes" section is an impartial review made by a Lease Takeover Specialist from LeaseCosts Canada Inc. and should be used as reference. (Learn more about the LTA)

For Leasing Purposes

With this deal, you are saving: 69,302 ~ 70,602 CAD

compared to leasing a BRAND NEW:

<ul>
<li>Sonata Hybrid Automatic 2WD</li>
<li>for 12 months</li> 
<li>in QC</li> 
<li>$0 down payment</li>
<li>16,000 km/year</li>
</ul>

Savings Breakdown:
Leasing New (CAD/month) 1,262
This Contract (CAD/month) 411
Monthly Difference 851 CAD/month
Remaining Term x 79 months
Total Monthly Difference = 67,229 CAD
+ Cash Incentive** (CAD) + 473
+ Winter Tires Cost (CAD) + 800 ~ 1,200
+ Wear & Tear Coverage (CAD) + 800 ~ 1,700
Total Savings (CAD) = 69,302 ~ 70,602
** "Cash Incentive" is not just a saving, it is physical money.

For Buyout Purposes

To own this vehicle today (buying it as a used car) would cost: 48,399 CAD
  • Total Vehicle Debt: 32,249 CAD
  • Paid so Far: -16,623 CAD (-52% Paid)
  • Remaining Lease Payments: 32,469 CAD
  • Residual Value: 16,403 CAD
  • Cash Incentive: 473 CAD
Vehicle Debt & Value
Paid so far: -16,623 CAD Total Vehicle Value: 32,249 CAD
-52% Paid
152%
Vehicle Debt Breakdown
Downpayment: 1,050 CAD Remaining Term: 32,469 CAD
Term Paid so Far: -17,673 CAD Residual Value: 16,403 CAD
3%
-55%
100%
52%
Cost to Own
Already Paid: -16,623 CAD (-52%)
Cash Incentive: 473 CAD Buyout Price Today: 48,399 CAD
-52% Paid
1%
151%
Interested on financing the vehicle? This section automatically calculates the following scenarios: (Learn more about this financial analysis)

Finance the remaining Debt Today

Remaining Term + Residual Value: 48,399 CAD

  • 4.9%Interest Rate x 48 months
  • 1,112 CAD/month + tax
  • Total Payable: 53,395 CAD
  • Total Interest: 4,996 CAD
  • 8.9%Interest Rate x 48 months
  • 1,202 CAD/month + tax
  • Total Payable: 57,701 CAD
  • Total Interest: 9,302 CAD
  • 14.9%Interest Rate x 48 months
  • 1,345 CAD/month + tax
  • Total Payable: 64,537 CAD
  • Total Interest: 16,138 CAD

At the end of the Lease Contract

Residual Value: 16,403 CAD (in 79 months)

  • 4.9%Interest Rate x 48 months
  • 377 CAD/month + tax
  • Total Payable: 18,096 CAD
  • Total Interest: 1,693 CAD
  • 8.9%Interest Rate x 48 months
  • 407 CAD/month + tax
  • Total Payable: 19,556 CAD
  • Total Interest: 3,153 CAD
  • 14.9%Interest Rate x 48 months
  • 456 CAD/month + tax
  • Total Payable: 21,872 CAD
  • Total Interest: 5,469 CAD

Business Vehicle Analysis

This section is very important if you are interested in the vehicle for Uber, Lyft, Turo, Getaround, vehicle rental or for a business. (Learn more about this section)

Distance Analysis
Cost to drive 100km: (CAD)
278.23
  • + tax
  • + fuel
  • + insurance
(inlcuding the 473CAD incentive)
Time Analysis
Cost per day: (CAD)
13.32
  • + tax
  • + insurance
  • + km driven & fuel
(inlcuding the 473CAD incentive)
Remaining Km
Can be driven up to:
33.59
  • km/week
  • without any
  • additional costs
Excess km cost: 0.12CAD

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